Asia Financial (662 HK) has recorded a net profit of HK$330 million for the year ended December 31 in 2009, against a net loss of HK$770 million in 2008. Earnings per share were HK$32.4. A final dividend of 6.5 HK cents per share was declared.(Sing Tao Finance B2)
China Grand Pharmaceutical (512 HK) and Healthcare announced that the Wuhan government has requested its subsidiary to move its production facilities within three years’ time for 700 million yuan to 1 billion yuan as comparison. (Sing Tao Finance B2)
China Life Insurance (2628 HK) has posted an unaudited accumulated premiums income of 41.8 billion yuan for January, surging 14 per cent year-on-year. (Sing Tao Finance B2)
CHINA MOBILE LTD (941 HK) The Company has commenced preliminary discussions with Shanghai Pudong Development Bank in relation to the potential subscription of new shares in SPD Bank. No details have been announced at this stage. (Hong Kong Economic Journal P. 6)
China Railway Construction (1186 HK) said it plans to issue 1.035 billion A-shares at a price of 7.74 yuan apiece to raise no more than 8 billion yuan. The proceeds will be used for acquiring the BOT project and other assets from its parent. (Sing Tao Finance B3)
Chong Hing Bank (1111 HK) said its net profit has soared for 2.8 times to HK$232 million for the year ended December 31 in 2009. Earnings per share were HK$0.53. A final dividend of HK$0.2 per share was declared. (Sing Tao Finance B2)
Clear Media Limited (100 HK) recorded a profit of HK$31 million for 2009, diving 81.18 per cent compared with a year ago. Earnings per share were 5.96 HK cents. No final dividend was declared.(Sing Tao Finance B2)
Grande Holdings (186 HK) has said that it expects a substantial loss for the year 2009 as compared to the results for 2008 on impairment loss recognized in respect of certain intangible assets consequent upon continuing uncertainty of the global economic conditions. (Sing Tao Finance B2)
(0115) GRAND FIELD GROUP HOLDINGS LTD Chair Tsang Wai-lun and wife Kwok Wai-man were found guilty of conspiracy to defraud as they lied to the shareholders and HKEx that the company was investing in a gas pipe project in Chongqing and thus gained approval to place 315 million new shares. (Hong Kong Economic Times A14)
HongKong Electric (6 HK) has recorded a net profit of HK$6.7 billion for 2009, dropping 17 per cent from a year ago. Earnings per share were HK$3.14. A final dividend of HK$1.49 per share was declared. (Sing Tao Finance B1)
Pay-television network i-Cable (1097 HK) insists it is in full compliance with its contract with FIFA and under no obligation to allow Hong Kong’s two free-to-air stations to screen any matches from the upcoming World Cup in South Africa. It said whatever happens it will broadcast the core matches on its free Channel One and will speed up connections to as many households as possible over the next three months. (Hong Kong Economic Times A14)
KWG Property (1813 HK) said its contracted sales for February amounted to 710 million yuan, growing 350 per cent year-on-year. The accumulated sales totalled 1.6 billion yuan, accounting for 16 per cent of its annual target sales this year. (Sing Tao Finance B2)
Smartone Telecommunications (315 HK) has posted a net profit of HK$111 million for the six months ended December 31 in 2009, surging 112 per cent year-on-year. Earnings per share were 20.7 HK cents. An interim dividend of 17 HK cents per share was declared. (Sing Tao Finance B2)
South China Land (8155 HK) announced, through a wholly-owned subsidiary, South China Hung Thai, it has successfully won the bid for a property development project in Shenyang Huanggu District for 1.177 billion yuan. (Sing Tao Finance B2)
Standard Chartered (2888 HK) has posted a net profit of US$3.279 billion for 2009, edging up 4.7 per cent from a year ago. Earnings per share were US$1.679 A final dividend of 44.8 US cents per share was declared. (Sing Tao Finance B2)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
